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Oct 4, 2012
10/12
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won't be popular among democrats as you're sitting down with them. but, look, my philosophy has been, i will take ideas from anybody, democrat or republican, as long as they're advancing the cause of making middle class families stronger and giving ladders ofpportunities to the middle class. that's how we cut taxes for middle class families and small businesses. that's how we cut a trillion dollars of spending that wasn't advancing that cost. that's how we signed three trade deals into law that are helping us to double our exports and sell more american products around the world. that's how we repeal don't ask, don't tell. that's how we ended the war in iraq as i promised and that's how we're going to wind down the war in afghanistan. that's how we went after al qaeda and bin laden. we've seen progress even under republican control of the house of representatives. but ultimately, part of being principled, part of being a leader is, "a," describe exactly what it is you intend to do, not just saying i'll sit down, you have to have a plan. number two, w
won't be popular among democrats as you're sitting down with them. but, look, my philosophy has been, i will take ideas from anybody, democrat or republican, as long as they're advancing the cause of making middle class families stronger and giving ladders ofpportunities to the middle class. that's how we cut taxes for middle class families and small businesses. that's how we cut a trillion dollars of spending that wasn't advancing that cost. that's how we signed three trade deals into law that...
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Oct 4, 2012
10/12
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now, governor romney said he wants to repeal dodd-frank. and i appreciate and it appears we have some agreement that a marketplace to work has to have some regulation. but in the past, governor romney says he wants to repeal dodd-frank, roll it back. so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. but that's not -- >> sorry, jim. that's not the facts. we have to have regulation on wall street. that's why i'd have regulation, but i wouldn't designate five banks too big and fail and give them a blank check. one of the unintended consequences of dodd-frank. it wasn't thought through properly. we need to get rid of it, regional and small banks are getting hurt. another regulation, we were giving mortgages to people who weren't qualified. exactly right. one of the reasons for the great financial calamity we had. and dodd-frank says we need qualified mortgages and if you give a mortgage that's
now, governor romney said he wants to repeal dodd-frank. and i appreciate and it appears we have some agreement that a marketplace to work has to have some regulation. but in the past, governor romney says he wants to repeal dodd-frank, roll it back. so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. but that's not -- >> sorry, jim....
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Oct 4, 2012
10/12
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i want to lower it, particularly for manufacturing, taking it down to 25%. i also wants to close those loopholes that are giving incentives for companies that are shipping jobs overseas. i want to provide tax breaks for companies that are investing here in the united states. on energy, governor romney and i both agree we need to boost american energy production. and oil and natural gas production are higher than they've been in years. but i also believe that we have to look at the energy sources of the future, like wind, solar and biofuels. and to make those investments so all this is possible -- now, in order for to us do it, we have to close our deficit, and one of the things we've been discussing tonight, how do we deal with our tax code and make sure we are reducing spending in a responsible way and how do we have enough revenue in those investments? this is a difference, because governor romney's central economic plan calls for a $5 trillion tax cut in addition to $1 trillion extension of the tax cuts, and military tax cuts. how do we pay for that, redu
i want to lower it, particularly for manufacturing, taking it down to 25%. i also wants to close those loopholes that are giving incentives for companies that are shipping jobs overseas. i want to provide tax breaks for companies that are investing here in the united states. on energy, governor romney and i both agree we need to boost american energy production. and oil and natural gas production are higher than they've been in years. but i also believe that we have to look at the energy...
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Oct 4, 2012
10/12
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CURRENT
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are we going to double down on the top-down economic policies that helped get us into this mess, or embrace a new economic patriotism, that says america does best when the middle class does best. >> governor romney two minutes. >> romney: thing you, jim. i'm i'm -- pleased to be here with the president and to be here. and congratulations to you, mr. president, i'm sure this is the most romantic place you could imagine here with me. [ laughter ] >> romney: i have had the occasion of meeting people across the country. i was in dayton ohio and a woman grabbed my arm and said i have been out of work since july, can you helped me. ann romney was at a rally and a woman came up to her and said we lost our jobs and our home. can you help us? and the answer is yes, we can help. but it will take a different path. not the one we have been on, not the one the president describes as a top-down tax cut for the rich, that's not what i'm going to do. one get us north american energy independent, number two, open up more trade particularly in latin america, crack down on china, make sure our people have the
are we going to double down on the top-down economic policies that helped get us into this mess, or embrace a new economic patriotism, that says america does best when the middle class does best. >> governor romney two minutes. >> romney: thing you, jim. i'm i'm -- pleased to be here with the president and to be here. and congratulations to you, mr. president, i'm sure this is the most romantic place you could imagine here with me. [ laughter ] >> romney: i have had the...
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Oct 4, 2012
10/12
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democrats if you are sitting down with them. my philosophy has been, i will take ideas from anybody as long as they are advancing the cause of making middle-class families stronger and giving ladders of opportunity. that is how we cut off -- that is how we cut taxes for the middle-class. that is how we cut spending that was not advancing the cause. that is how we signed a free- trade agreements into law. that is how we repealed don't ask don't tell.l that is how we ended the war in iraq, and that is how we will wind down the war in afghanistan. we have seen progress even under republican control of the house of representatives. part of being principled and part of being a leader is being able to describe exactly what it is you intend to do, not just saying "i'll sit down." occasionally you have to say no to people both in your own party and in the other party. yes, have we had some fights between me and the republicans when they fought against us reining in the excess against wall street? absolutely. that was a fight that needed
democrats if you are sitting down with them. my philosophy has been, i will take ideas from anybody as long as they are advancing the cause of making middle-class families stronger and giving ladders of opportunity. that is how we cut off -- that is how we cut taxes for the middle-class. that is how we cut spending that was not advancing the cause. that is how we signed a free- trade agreements into law. that is how we repealed don't ask don't tell.l that is how we ended the war in iraq, and...
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Oct 4, 2012
10/12
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taking it down to 25%. but i also want to close those loopholes that are giving incentives for companies that are shipping jobs overseas. i want to provide tax breaks for companies that are investing here in the united states. on energy governor romney and i we both agree that we've got to boost american energy production. and oil and natural gas production are higher than they've been in years. but i also believe that we've got to look at the energy source of the future like wind and solar and biofuels and make those investments. so all of this is possible. now, in order for us to do it we have to close our deficit and one of the things i'm sure we'll be discussing tonight is how do we deal with our tax code and how do we make sure that we are reducing spending in a responsible way? but also how do we have enough revenue to make those investments? and there is where there's a difference because governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax c
taking it down to 25%. but i also want to close those loopholes that are giving incentives for companies that are shipping jobs overseas. i want to provide tax breaks for companies that are investing here in the united states. on energy governor romney and i we both agree that we've got to boost american energy production. and oil and natural gas production are higher than they've been in years. but i also believe that we've got to look at the energy source of the future like wind and solar and...
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Oct 4, 2012
10/12
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but this is the mitt romney that they described to me as he sat down at a table and did a deal. he had a cycle of themes that he wanted to keep coming back to. the objective realities of the economy and what's going on within it. the fact that he would not raise taxes, he insisted, on the middle class. he accused the president at one point of not knowing what he was talking about when it came to deductions for jobs overseas. and at the conclusion he came back again to the whole idea that he thinks the private sector can do a much better job than the federal government can do and that the president has not delivered on his own promises of four years ago. the president has a tough brief to defend, on the other hand. the economy is still not in very good shape. obama care, however you may feel about it, is a complex piece of legislation. so tonight probably, and i don't like to make these kind of judgments generally, tonight will gladden the hearts of a lot of the republican operatives and the people who are working for him in the states around the country. the big issue is what do
but this is the mitt romney that they described to me as he sat down at a table and did a deal. he had a cycle of themes that he wanted to keep coming back to. the objective realities of the economy and what's going on within it. the fact that he would not raise taxes, he insisted, on the middle class. he accused the president at one point of not knowing what he was talking about when it came to deductions for jobs overseas. and at the conclusion he came back again to the whole idea that he...
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Oct 4, 2012
10/12
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it actually -- >> about 9% down on the president. >> and up to 26% on governor romney. actually, larry kudlow with us as well. >> maria? >> yes, john? >> i want to say, i think you were right about the president being on the defensive. one of the things that came out of the two conventions is that the democrats, bill clinton helped president obama in this, shifted this from a referendum election on president obama's performance to a choice election. i think this -- the effect was to pull it back to a referendum election and put president obama on the defensive. he's the one with the record. and the american public is not in a great mood right now. >> he has to defend that record. that's what he tried to do tonight. governor romney was much more specific in term of his plans going forward. in terms of job creation, tax reform, even in terms of getting back to economic growth. larry kudlow with us as well. larry, what's your take? >> i thought that this was a tremendous victory for romney. this is a different, different romney than the one at the convention. he was specif
it actually -- >> about 9% down on the president. >> and up to 26% on governor romney. actually, larry kudlow with us as well. >> maria? >> yes, john? >> i want to say, i think you were right about the president being on the defensive. one of the things that came out of the two conventions is that the democrats, bill clinton helped president obama in this, shifted this from a referendum election on president obama's performance to a choice election. i think this --...
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Oct 4, 2012
10/12
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now, governor romney has said he wants to repeal dodd frank. i appreciate -- it appears we have agreement that a marketplace to work has to have some regulation. but in the past governor romney has said he wants to repeal dodd frank. roll it back. and so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then, governor romney is your candidate. but that's not -- what i believe. >> that's not the facts. look, we have to have regulation on wall street. that's why i would have regulation. but i wouldn't designate five banks as too big to fail and give them a blank check. that's one of the unintended consequences of dodd frank. we need to get rid of that provision. it's killing regional and small banks. let me mention another regulation of dodd frank. you say we were giving mortgages to people who weren't qualified. that's right. that's one of the reasons for the great financial calamity we had. dodd frank correctly said, fee we need to hav
now, governor romney has said he wants to repeal dodd frank. i appreciate -- it appears we have agreement that a marketplace to work has to have some regulation. but in the past governor romney has said he wants to repeal dodd frank. roll it back. and so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then, governor romney is your candidate. but that's not -- what i believe. >>...
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romney: in my opinion, the government is notfective in bringing down the cost of -- not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprises trying to find a way to do things better are more effective than the government will ever be. your example of the cleveland clinic is my case in point, along with several ore others i could describe. this is the private market. these are small, these are enterprises competing with each other, learning how to do better and better jobs. i used to consult to businesses, excuse me, to hospitals and to health care providers. i was astonished at the creativity and innovation that exists in the american people. in order to bring the cost of health care down, we don't need to have around board of 15 people -- to have a board of 15 people telling us what kind of treatments we should have. we instead need to put insurance plans, providers, doctors, hospitals, our targets such that they have an incentive, as you say, performance pay for doing an excellent job, for keeping costs down, and that's happe
romney: in my opinion, the government is notfective in bringing down the cost of -- not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprises trying to find a way to do things better are more effective than the government will ever be. your example of the cleveland clinic is my case in point, along with several ore others i could describe. this is the private market. these are small, these are enterprises competing with each other,...
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Oct 5, 2012
10/12
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talking about trickle-down government. and they took off from there. it seemed that shaped a lot of where the conversation went. >> i would have liked to have seen more than themes, actually. i thought a lot of the themes got lost-- they crammed each answer with too many specifics, too many details, too many planks in the platform in each different answer. it was kind of lost. i'm not sure voters who are not paying attention to politics. we know the background to all these issues but i'm not quite sure what they'll get out of it if anything. >> woodruff: that's my question, are voters -- we followed some of this but it was pretty dense at times, wasn't it. >> it was. the president's theme was how the burdens and benefits of governmented ought to be distributed. he kept coming back to that. that we were sort of all in this together. and what surprised me, i guess, about mitt romney was he used the-- as a credential, the governorship of massachusetts more tonight than he has in the past 11 months. it's just remarkable. you w
talking about trickle-down government. and they took off from there. it seemed that shaped a lot of where the conversation went. >> i would have liked to have seen more than themes, actually. i thought a lot of the themes got lost-- they crammed each answer with too many specifics, too many details, too many planks in the platform in each different answer. it was kind of lost. i'm not sure voters who are not paying attention to politics. we know the background to all these issues but i'm...